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20130115
20130123
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CNBC 35
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English 35
Search Results 0 to 34 of about 35 (some duplicates have been removed)
CNBC
Jan 21, 2013 9:00am EST
is a highly regarded securities lawyer, a professor at the university of san diego law school, and an expert on sarbanes-oxley. >> the idea was to have a criminal statute in place that would make ceos and cfos think twice, think three times, before they signed their names attesting to the accuracy of financial statements or the viability of internal controls. >> and this law has not been used at all in the financial crisis? >> it hasn't been used to go after wall street. it hasn't been used for these kinds of cases at all. >> why not? >> i don't know. i don't have a good answer to that question. i hope that it will be used. i think there clearly are instances where ceos and cfos signed financial statements that said there were adequate controls, and there weren't adequate controls. but i can't explain why it hasn't been used yet. >> we told partnoy about eileen foster's allegations of widespread mortgage fraud at countrywide and efforts to prevent the information from reaching her, the federal government, and the board of directors--in violation of the company's internal controls. i mean, th
CNBC
Jan 16, 2013 12:00pm EST
to use whatever weight this office holds to make them a reality. because while there is no law or set of laws that can prevent every senseless act of violence completely, no piece of legislation that will prevent every tragedy, every act of evil, if there's even one thing we can do to reduce this violence, if there's even one life that can be saved, then we've got an obligation to try. and i'm going to do my part. as soon as i'm finished speaking here, i will sit at that desk and i will sign a directive giving law enforcement, schools, mental health professionals and the public health community some of the tools they need to help reduce gun violence. we will make it easier to keep guns out of the hands of criminals by strengthening the background check system. we will help schools hire more resource officers if they want them. and develop emergency preparedness plans. we will make sure mental health professionals know their options for reporting threats of violence. even as we acknowledge that someone with a mental illness is far more likely to be a victim of violent crime than the pe
CNBC
Jan 16, 2013 7:00pm EST
is not a solution to the crisis we face as a nation. only honest, law-abiding gun owners will be affected and our children will remain vulnerable to the ineactivitiability of more tragedy. a lot of these proposals that the president put out were greeted with lukewarm response. john boehner's spokesman put out a statement saying the house will look at those recommendations and if the senate pass as bill they will look at that too but no commitment move to any legislation in the house of representatives. so, larry, it looks like a lot of these proposals will not happen but there were more than 20 elements of what he proposed today, the president that were, in fact, executive actions that he could sign today and enforce through the executive branch of the government and that he did. so the rest of the proposals will be legislative and we'll have to see how they fare. >> as always, thanks eamon javers. the national rifle association is pushing back with a tough new ad campaign labelling the president an elitist hypocrite for allowing his own kids to have their protection. >> are the president's kids
CNBC
Jan 22, 2013 4:00pm EST
the president's desk he would not stand in the way of the bill becoming law. >> the bottom line, of course, is that having broken the link between specific spending cuts and specific dollar increase in the debt ceiling it becomes easier for congress to shift the fight over spending and taxes and revenue on to different ground. of course, the quester and the -- the continuing resolution to fund the government, but you're hearing some of both parties saying they might even accept the sequester. some of the stakes appear to be fading from these disagreements that paralyzed washington at the end of last year. >> when i heard this original deal profrksd i thought it was on the condition that the senate eventually congress had to actually pass a budget finally. >> that's still on the table. >> that is still on the table. a little bit less clear is the fate of the idea that somehow pay would be suspended for members of congress if they don't pass a budget. >> right. >> there are questions about the constitutionality of that provision, but the entire provision is to try to force the senate to forc
CNBC
Jan 17, 2013 11:00pm EST
sizes are searching for ways to cope with this law, and the easiest way to avoid paying these expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they have to work for 12 months. they are more likely to hire temp employees. you will try to have fewer than 50 full-time employees so you don't have to rely on obama care. and small businesses aren't alone in not wanting to cover health care costs. if you are a larger business, you'll be much more likely to hire temporary workers rather than full-time employees to avoid paying more for health insurance. even though obama care only kicks in starting in 2014, did you know companies need to start making these adjustments now? because the law has what's known as a 12-month look back or measuring period for the purposes of figuring out how much each company will be on the book for. that means 2013 is going to be a great year for the temporary staffing business. the question is, how do you play it? commercial staffing companies that connect companies with lower skilled workers, companies like tr
CNBC
Jan 20, 2013 11:00pm EST
in international waters, where there's no law against finning. but on land, laws can be enforced. in cape town recently, authorities raided several processing plants owned by hong kong chinese. seven tons of fins were confiscated. this is only a small fraction of the whole. and after you've seen those fins laid out, have another look, as we did, at sharks doing what sharks do-- at a cow shark weaving through an underwater forest; at the perfect geometry and grace of a blue shark in cold, clear water. it's not the shark's fault that we've demonized him for so long. besides, we need our demons; they've been with us, in our minds, as long as gods. so the next time you're in a chinese restaurant and feel like some soup, why not stick to the egg drop or the wonton? give the shark a break. >> since our report first aired, the worldwide shark tourism business has continued to thrive. but there is some good news for the sharks. in january of 2011, president obama signed into law the shark conservation act. it outlaws shark finning by requiring that all sharks caught in u.s. waters be landed with their
CNBC
Jan 14, 2013 11:00pm EST
to acquire fortune brands would have to be done later in the year because of arcane tax laws. that's the caveat. still, the timing. we are now witnessing a fabulous housing rebound, something i've been talking about a lot lately because of it's incredible staying power. we're not going back to the days of the housing bubble. but new household formation exploded in 2012, to a million new households and there is still pent up demand for homes that can give us multiple years of upside. now housing starts are on the rise in a big way. take a look at this chart. look how far we can go, for heaven's sake. housing starts going back to 1989. see the huge uptick in 2004? i wouldn't be proposing this marriage if 2013 wouldn't be better. we're right at the beginning of a cycle that masco and fortune brands benefit from in a major way. you need paint and insulation, masco makes that. you need doors and windows and locks. the same is true if you want to sell your old home. the easiest way to fix it up is to remodel with new installations. with housing prices rising across the country, now is th
CNBC
Jan 22, 2013 2:00pm EST
, he would not stand in the way of the bill becoming law. >> this is the president trying to resolve the jitters of the market over this and the potential threat to the economy. we have to first see whether or not house republicans can pass this proposal. there is some uncertainty about that. one member of congress told me he thought some members on the right might take it down. once that happens, we have to see what happens in the senate. clearly the president is sending a positive signal of encouragement to republicans that this is the kind of compromise i'm looking for. >> john, we were saying this at the top of the show, it's short-term spackle. it is not solving anything at all. we're pushing it out, kicking it down the road. >> that is true, but it's significant that the republicans broke the link between raising the debt limit and dollar for dollar spending reductions. john boehner articulated that principle in 2011. that became a huge barrier to the debt limit in 2011, because getting those cuts identified was very difficult, would probably be impossible now. that's why the p
CNBC
Jan 17, 2013 9:00am EST
in the pass that's frankly unfathomable. i remember why it went to 5, 6. bank of america is a law firm that is -- it's like -- it looks a lot like a bank because there's tellers, but in the end it's a law firm, associates and partners. the international consumer trends i like, but citi moved a lot. you always want your banks to put on a best face. anyone who went through the conference call -- actually there's more hue mill to goldman. there was a noeshs things are great. i look at these and it's like, well, i'm trying to understand international. this is a bank in flux, citi, i think it's trying to fish out what it is. when it does, the stocks will go higher. >> i think there was a higher expectations, and that may have impacted the number. as you say, just going through the numbers. debt valuation adjustment, 485 million, a billion repositioning charge, legal charges of 1.3 billion, reserve releases, i want only 86 million, 'opposed to an expectation. it will be tenfold that, so you end up with the number, but we'll see. >> -- >> david, would you characterize it as a pandit quarter o
CNBC
Jan 16, 2013 1:00pm EST
. with sweeping changes to gun laws. what they would mean for the gun industry and for owners. and more trouble for boeing 787 dream liner. is it becoming a nightmare? new problems and the stock getting slammed today. japan airlines grounding all of its 787s after an emergency landing. smoke detected on that plane. will more carriers do the same? and lululemons stock down. the street not happy with its outlook but yoga retailer ceo said her guidance has been misunderstood and she will join us exclusively to explain. my partner, sue herera, is at the new york stock exchange. hi, sue pz president obama unveil be his plan for tougher kbun gun control, including banning military style assault rifles and tougher back ground checks. >> some have to have congresss approval. some include a ban on assault weapons, limits on magazine capacity, background checks and improve access to mental health. the president said that this is one of the most important things that he can do as president of the united states. >> this is our first task as a society. keeping our children safe. this is how we will be judge
CNBC
Jan 18, 2013 2:00pm EST
this just into cnbc. u.s. appeals court upheld the wisconsin law limiting collective bargaining by unions. in a decision handed down moments ago the circuit court reversed a portion of the lower court ruling that avoided part of the 2011 law championed by wisconsin governor scott walker. all in although, looks like a win for wisconsin. all right, time for things that make you go hmm. and today's number, 10.9 million. that is the number of people receiving social security disability insurance as of december 2012. that, my friends, 80% more than were on the program just eight years ago. and our second -- it is two for try, mandy. and our second to make you go hmm, is 6%. that's the number of people who went off disability and returned to work last year, according to forbs. next week we will dig into the numbers and ask why. some say it is a grej owth of wn in the workplace. otheris say there is a lot of fraud out there. we will get to the bottom of it. >> we certainly will. in the meantime, let's get to herb. a red flag on some high-flying stocks. i would like to know, a what makes them loo
CNBC
Jan 21, 2013 11:00am EST
will defend our people and uphold our values through strength of arms and rule of law. we will show the courage to try and resolve our differences with other nations peacefully, not because we are naive about the dangers we face but because engagement can more durably lift suspicion and fear. america will remain the anchor of strong alliances in every corner of the globe, and we will renew those institutions that extend our capacity to manage crisis abroad for no one has a greater steak in a peaceful world than its most powerful nation. we will support democracy from asia to africa, from the americas to the middle east because our interests and our conscience compel us to act on behalf of those who long for freedom, and we must be a source of hope to the poor, the sick, the marginalized, the victims of prejudice not out of mere charity but because peace in our time requires the constant advance of those principles our common creed describes. tolerance and opportunity. human dignity and justice. we, the people, declare today that the most evident of truths that all of us are created
CNBC
Jan 15, 2013 1:00pm EST
around a kitchen table. they prepare a bunt and don't take more money than they their i lawed to take in. . hoom -- gou it would render support to people who are victims of hurricane sandy. the prior version you opposed. the current verse ll you vote for it? fooet not erms why not. >> the first bell i voted on bus a flood snurnsz program. that was bankrupt. i live in the state of kansas where it could be flood. that's why we worked really hard to pass programs to save it. up fortunately they were opposed. that was the reason for that. >> i'm sorry. we're following this breaking news out of facebike time. sorry to inrupp occipital. >> let's go to scat wafrter on facebo facebook. the holdlines moving from o'to noon, gran, what allegedly allows you to share contact wlg you. you can see facebook shares are down on this news and you have to know that with the anticipation on this, who is ooh inside, right now mr. zukserburg is making these remarks. does this measure the 60 hrd yard gush? >> indeed, scott. and we're going to ask that very question to our guest david kirkpatrick. what do you ma
CNBC
Jan 22, 2013 1:00pm EST
there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt limit raise to spending cuts. so are republicans backing down as some in their own party say or is it just a shift in tactics? scott garrett is back with us, a republican from new jersey and vice chair of the house budget committee. welcome back. great to see you again. >> good to be back with you. >> happy new year. >> there are some people including senator rand paul of kentucky who say that at your conference last week in williamsburg you retreated on the debt ceiling issue. is that a fair characterization? if so, was it a change of heart or a change of tactics? >> i didn't hear rand's comment as far as that is concer
CNBC
Jan 15, 2013 2:00pm EST
the cost of delivering the male is going through the roof but they are prohibited by law to raising their prices. the only thing they can do is cut their costs and the government won't let them. >> as far as the postal service goes, what we need to do sin ject the innovation. we're not going to cut, cut, cut. that's not going to need to work. we need to end the monopoly and end the monopoly on your mailbox and let other people deliver to your mailbox. >> is that going to happen. jimmy, is that even on the table, is that a possibility that could realistically happen or is this just your wish list? >> before the government, you know, we trust the government to restructure the social security and medicare, how about a little proof of concept that they can restructure something, you know, in a positive way. is that on the chart now? right now they are talking about rearranging debt chairs and postal office commissions. >> isn't that the irony between the fha and the post office. you're looking at $30 billion of debt and a bailout this year alone. we're going to raise 60 billion from the
CNBC
Jan 16, 2013 2:00pm EST
for more on the president's plan and eamon, it appears that, you know, all of these law abiding citizens rushing out to buy guns. >> yeah. brian. one of the interesting counter intuitive impacts might be for the stores that sell guns that do background checks as they close the gun show loopholes. some of those retailers might see a benefit as more of the gun buying public goes to them. it was a solemn ceremony here at the wlous. president and vice president were surrounded by families and victims of recent gun massacres. president and his aids saying that the gun proposals come in four broad categories. let me give those to you. first one is closing background check loop holes. couple of measures to do that. and also high capacity magazines. a couple of proposals centered around the idea of making schools safer including more cops on the street and police officers to the school systems themselves and also increasing access to meant ol health services. now the president said, he realizes this won't be an easy sell on capitol hill. >> this will be difficult. there will be pundits and polit
CNBC
Jan 17, 2013 2:00pm EST
the politics of policy incorporated some of the new economics. a law professor of university of kansas brought into the obama administration and he started implementing some of the behavioral economic incentives in government programs. i think run out of washington. but university of baylor. austin ghoulsby, obama's economic adviser, he was more closely in line with helping people make their decisions. >> go i head, sorry. >> this is getting worse with time when you talk about the consumer and one for instant gratification. when you think about it, a lot of people say, i'm not going to wait on line because i can go on-line and shop in my comfort of my own home. it is getting worse and worse. and economics change with that. >> i think that's exactly right. i think there is this old sense that psychology is psychology and economic is economics and neurology is neurology. they wsht allowed it play with each other and learn from each other. economists are good at explaining about why we make decisions and how we choose. they don't just listen to classical economic series. they use psychology. they
CNBC
Jan 14, 2013 7:00pm EST
is focusing on new gun laws to prevent tragic shootings like newtown, but we can't forget about getting better care for people with serious mental illness. here now is health care policy analyst dr. stephen green. welcome. you're going for better mental illness i guess processes. this may not be about the guns, and you're saying that antidepressants may be the problem here. it doesn't have a strong ring to me, but go ahead and make your case. >> well, i was just asked to come on to talk about antidepressants, but if your question is do they contribute, there's a lot of evidence -- let's just back up. antidepressants are well known to increase suicide. these shooters were suicidal. so that's -- >> why do so many people use them? you're a surgeon. >> well, they make a lot of money. >> you're a psychiatrist. we all know people who are using antidepressants. many, many of them live more comfortably and better lives. i understand if you have an extreme, extreme violent character that may happen with or without antidepressants. >> anti-depressants are used a lot because they're an industry and like
CNBC
Jan 16, 2013 4:00pm EST
as a nation. only honest law-abiding gun owners will be affected, and our children will remain vulnerable to the inevitability of more tragedies. so, maria, we're setting up here for an intense political fight up on capitol hill. republican speaker of the house john boehner reacted tepidly, his spokesman putting out a statement saying they will look at the ideas and if the senate passes a bill they will look at that but no commitment to bring a bill to the house floor. >> the president had children around him during the press conference, right is. >> and many of the children were victims of gun violence themselves or were aware of victims of gun violence and wrote letters to the white house. in fact, some of these children wrote letters that the president read from, remarked upon. it was a very dramatic and emotional setting there because the children sort of making the point and reinforcing the president's point that in his view this is about protecting first graders and their rights to go to school safely as much as it is about second amendment rights for gun owners. >> thank you so muc
CNBC
Jan 17, 2013 7:00pm EST
concerned about this health care -- new health care law. it is already going to cost me millions in my current budget to implement it, effective 200014. >> why is it costing you millions? what's the source oaf that expense? >> the source of the expense is the current growth in the medicaid program. once it begins this 2014 they'll try to have a number of people sign up for the current medicaid program. in my state, that'll be about $72 million. >> and are your businesses going to essentially take the penalty rather than the mandate and put their workers on to the so-called exchange? >> you know, i don't think we know the answer to that question yet. there's so much uncertainty and unknown. our businesses are still trying to figure it out. but i do know this. they're very, very concerned about the cost of obama care. >> all right. we'll leave it there. governor dave heinman of nebraska. good luck and thanks for coming on. >>> now talk about a p.r. nightmare. boeing 787 dreamliners remain grounded around the world tonight. but did the stock bounce back? we have some answers ahead, i thin
CNBC
Jan 18, 2013 12:00pm EST
often missed in the law right now. and if members don't do that, if the house and senate don't pass budget resolutions their pay would be withheld so the slogan for republicans is going to be no budget and no pay. now this is an attempt by republicans to get past the potential blame that would be associated with not raising the debt limit but it is not a long-term extension of the debt limit. that is still a card that republicans are holding back. this is something that john boehner has now agreed to. he just put out a statement as i was sitting down in the chair to that effect and it's indicated if there is going to be a long-term extension of the debt limit there is going to have to be spending cuts and the purpose of the budget, requiring the budget resolution is to try to flesh out what some of those spending cuts would be. >> presumably that would pass the republican controlled house. what do you think the reaction would be in the democratic controlled senate? >> i just got off the phone with a democratic official and the leadership in the house who said, we are not going to pa
CNBC
Jan 18, 2013 4:00pm EST
be on condition that the house and senate both passion a budget which they are supposed to do under law by that point anyway, and finally it would take an approach of no budget, no pay if the congress refused to do that. here's the response from senate democrats. they said, no, we will consider a clean debt limit extension without any conditions if the house sends us one, so they are trying to keep the pressure on. the white house says we're encouraged that republicans appear to be backing off their determination to hold the u.s. economy hostage to its budget plans. now, democrats are feeling like they are making progress now. the question is going to be can republicans push this through the house in order to put pressure on democrats to compromise on terms? one republican member told me this afternoon that this is -- this might fly, but it's something that was put together haphazardly. we've not done a whip count. this could turn into plan "b" for speaker boehner. that's what we're watching next week. the good news is for markets though. it does appear we're moving, if not steadily, ma
CNBC
Jan 18, 2013 7:00pm EST
that is their biggest mistake. that is already the law. the democrats are trying to hedge on it. the president has already said it's not going to happen. this is where the republicans should go. and they won't go there. and that's why i doubt their bona fides on spending. >> you have to first of all as i said before get across that spending levels are stoo high. keith, you would agree with that, right? >> no. >> see what i mean? they're too high. >> perfect. right. >> you think this level is appropriate. 25% gdp. >> you're talking about gdp to spending -- >> yeah. >> yeah, that is too high. but that's not because we're spending too much. it's because our revenues aren't -- the reason our revenues is r. in decline is we're in a very weak recovery. we got out of the worst resgs -- >> whose fault is that? >> there was a president who came in before us. i don't know -- >> you can't keep blaming bush. you're in your second term. >> bill clinton. >> he doubled the national debt. >> his last budget was $1.8 trillion. obamas first fully owned budget was $3.8 trillion. 1.8, 3.8. >> guess what happened duri
CNBC
Jan 16, 2013 6:00am EST
a law quickly. a lot of the tabloids like the daily news says now, it's your turn, mr. president, over to you after new york has already done it. congress has to approve the ban on assault weapons and ammunition magazines and along with background checks on gun buyers. >>> congress approved aid to superstorm sandy, the bill will head to the senate where it is expected to pass. >>> coming up next, what advice is larry lindsey giving his clients as the country approaches the debt ceiling. we find out when we come back. >>> plus earnings still to come from goldman sachs, reaction from chris whalen, back to analyze the numbers with us. jacque wi "squawk" will be right back. >>> comments, questions? send them to cnbc on twitter. send them to becky, joe, andrew and the "squawk" staff. i got this snapshot thing from progressive, plugged it into my car, and got a discount just for being the good driver i've always been. i'm just out here, snap-shooting it forward. you don't want to have to pay for other people's bad driving, do you? no. with progressive snapshot, you don't have to. i'm going t
CNBC
Jan 15, 2013 4:00am EST
to pass one of the most restricted gun laws in the country. the measure, which passed the state senate monday called for tougher inventives for gun crimes and bans internet sales of weapons. >>> lance armstrong is set to come clean on oprah. last year he was accused of master mining a long running doping program. that interview is going to be -- >> one to watch. we've seen other news agencies in the u.s. wish that they had gotten it. but you know what bothers me in all this? what's the lesson? there might be a lance armstrong biopick? it's hardly punishment for someone who is potentially fueled by all that attention. >> it will be interesting to see what happens with the foundation. that would be the key and he's plead, i'm sure. >> he can use the foundation as a wie of arguing his case, bolstering, look at all the good i've done despite this. >> yeah. >> more lance later in the week. these are your headlines. pressure growing on lawmakers to raise the debt ceiling as fitch warnings any delay will prompt a rating review for the u.s. >>> germany sees a worse than expected slowdown in 20
CNBC
Jan 16, 2013 9:00am EST
, you know, i think there's a lot of things. i think the law of large numbers is a big concern for investors. we've seen that in the past with tech companies like sisco and microsoft. where they lose that luster. i think a lot of investors are concerned about that. we would argue that, look, apple is the greatest technology company we've ever seen. there's still tremendous growth. we've never seen a cycle like technology mobile net. this is a category that will still grow 30% over the next year or two. we think apple will continue to grow earnings at 20%. and the valuation, you know, has nowhere to go but up. one of the keys we'll be watching is gross margins. if the street is right about this turning margins, we see them decelerate, then it's a different story. we just don't buy into that yet. we think the product refresh has put a huge impact on downward margins. next thursday will be a big day, we'll see. >> channing, finally, the second largest weighting in your growth fund. are you adding, subtracting, at what levels would you be aggressive buyers or sellers? >> we added i
CNBC
Jan 17, 2013 4:00am EST
about that. the law itself is 2,500 pages. most of them missed the point. for example, we haven't dealt with the too big to fail issue in an adequate way. we haven't dealt with fannie mae and freddie mac and the housing in an adequate way. we have too many regulators that are -- the system is too frag managemented and it's too poe lit sized. there's a lot of things we should have done ta dodd frank didn't do. i'm all in favor of very strong regulation, but we didn't get it with dodd-frank. i think with dodd-frank all we got was excessive and ineffective regulation and we haven't fixed our system. >> wa about the inof banker pay? is it structured in a way that creates problems and different vulnerabilities within the banking industry? would you reform it? and how so? >> i couldn't quite hear that question. we don't have a great connection the. >> sorry, bill. we apologize for all the issues. i lastly wanted to ask you about banker pay. compensation is in focus here. does it need to be reformed? if so, how? >> i think i heard you talking about compensation and the fact that we are not reg
CNBC
Jan 18, 2013 4:00am EST
. there are always regulations, laws that you can impose to make sure stuff doesn't happen or does happen. it's a lot easier than when you're trying the win midterm elections. >> the first report on january consumer sentiment is out at 9:55 a.m. eastern. forecasts call for a reading of 75.5 up three points from december. we'll look at earnings from general electric, morgan stanley, schlumberger, johnson controls, state street and suntrust bank. >>> the outgoing treasury secretary, whose last day on the job is january 25th, tells "the wall street journal" the u.s. is well ahead of other countries in balancing the financial system. geithner says the u.s. has more diversity of strength from energy to high tech and the public should find comfort and optimism in that. but, rob, the public is not finding much optimism, are they? >> they shouldn't, given that we didn't get the fiscal cliff deal that we thought we did on january 1st. we got a mini deal. it looks like rubbish. they shouldn't be desperately optimistic. other things are going right. stock prices have been reasonably buoyant. the gas prices are
CNBC
Jan 22, 2013 4:00am EST
the government has come out today and said that no, we don't need to think about revising the bank of japan law. it was a threat they had out there before this statement came out. i think that independent story is something we can forget about for the time being. i think the interesting point is that monetary policy, anyone will tell you, has its limitations. especially in a country like japan. i think the onus is going to start shifting to the government itself and the government is looking ahead to an election, as we talked about many, many times. and here becomes the tricky part because they're trying to embark on structural reforms, they're talking about tax reforms, as well. this will be a multi layered process and hopefully they'll be in power long enough to deliver some of those changes. i think the market was expecting for the bank of japan to come in .deliver everything that was going to solve all of japan's problems after decades of recession, then they were probably misguided. but for the moment, the reaction we're getting from people who were watching japan is they probably took as
CNBC
Jan 16, 2013 4:00am EST
to insufficient planning and law making. >>> in hong kong all eyes on the chief executive's maiden policy speech with a focus on measures to tackle the housing crisis. developers reversed earlier losses to finish in the green, but telecos and energy majors dragged the market lower, ending down by a minor .1%. elsewhere, south korea's kospi finished marginally in the red. apple suppliers continued to weigh down the market over demand concerns on the iphone 5. the australian market bucked the down trend with the defense of telecos and health care stocks lending support. the sensex in action trading down by .5%. back to you. >> all right. thanks for that. we'll take a break. >>> still will to come, hong kong selling out new plans to show up housing woes. >>> okay, let's bring you up to speed with stories. hong kong's chief executive has delivered his first policy speech outlining measures to cool property prices, reduce pollution, and improve welfare. he said it's necessary to curb speculative activities in the real estate sector given the persistent housing shortage. he said more land would be all
CNBC
Jan 15, 2013 6:00am EST
been passed in the house and become law with the president's signature and we'd be in the rebuilding process for the jersey shore right now. but now with more and more delay, that rebuilding process, you know, is almost not halted but it's not moving forward quick enough because we want to be ready by memorial day, you know, jobs, the tourism season, the local economy, is very dependent on tourism. and the more we delay, then the boardwalks and the streets and other amenities are not going to be ready in time for the summer season. >> congressman, i share your frustration, as a new jersey resident. but you know as well as i do, there are concerns about what's been added onto this bill. i'm not saying that this is any different than how things have been done in the past or other aid bills that have gone through, but the complaints have come in very specifically that there have been a lot of things that have been slapped onto this bill. some of the things are $50 million for tree planting subsidies, $2 million for roof repairs at the smithsonian institution, another $15 million to repa
CNBC
Jan 17, 2013 6:00am EST
to you. >> thank you, diandiana. what kind of penalty do you get if you don't follow the law? monetary, of course. but basically that depends on what the issue is and what you did wrong. i'm not going to put any number on anything. but it depends on what you do. but they're going to go after you. i asked richard core dra cordri they were going to do and he said they would be aggressive, they would look at the books. >> when we come back, we will have more on the latest developments on the international hostage crisis in nigeria. there were reports this morning that some workers have skapd. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back to "squawk box." s&p 500 off marginally. the dow would he 16 points lower. some of the hostages being held at a natural gas field in algeria have escaped. algerian tv says 15 foreign hostages have made it out, i
CNBC
Jan 22, 2013 6:00am EST
to say that this is just an extension of existing law, making it apply to new technology. there was a case, his pan igs united of buffalo, a nonprofit social services provider where a caseworker threatened to complain to the boss that others, other employees weren't working hard enough. one worker, mariana cole rivera posted a facebook message saying my fellow coworkers, how do you feel? four other people came back with sometimes angry, expletive laden responses. what the hell, we don't have a life as is. try to do my job, those five workers were fired. for posting those things, and the nlrb said that that is not okay. that this is free speech, they're allowed to vent, as they called it, and it's okay, and they had to be reinstated with their positions. now there were some other situations where the board said this is not free speech. they cracked down where a newspaper reporter, a homicide reporter at the arizona daily star in tucson posted some things saying, what? no overnight homicides? you're slacking, tucson. and another began by saying, you stay homicidal, tucson.
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